PENGARUH AKUNTANSI MANAJEMEN LINGKUNGAN, BIAYA LINGKUNGAN, DAN PENGUNGKAPAN EMISI GAS RUMAH KACA TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to analyze the effect of Environmental Management Accounting (EMA), environmental costs, and greenhouse gas (GHG) emission disclosures on firm value. The population of this study comprises basic and chemical industry manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2025 period. A purposive sampling technique was employed, resulting in a sample of 43 companies. Using multiple linear regression analysis via SPSS 25, the results demonstrate that EMA and GHG emission disclosures have a positive effect on firm value, whereas environmental costs show no significant effect. The Adjusted R2 value of 41.4% indicates that these three independent variables explain 41.4% of the variation in firm value, with the remaining 58.6% attributable to factors outside the model Implicatively, corporate management can utilize EMA and GHG disclosures as strategic communication instruments to send positive signals to the market in order to enhance firm value. Future research is encouraged to examine additional variables beyond those included in this study, expand the sector coverage, and extend the observation period to obtain a more comprehensive insight. 

Keywords: environmental management accounting, environmental cost, firm value, greenhouse gasses disclosure